Summary Box: Stocks soar on strong earnings news

AP News
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Posted: Apr 17, 2012 4:56 PM
Summary Box: Stocks soar on strong earnings news

STOCKS SOAR: Stocks stormed higher Tuesday after promising signals about the profitability of U.S. companies and a strong debt auction by Spain. The Dow Jones industrial average rose for the fourth day in five, posting its biggest gain in a month.

SPAIN SOOTHES: European stocks had their best day in four months after Spain, the latest flashpoint in the European debt crisis, attracted strong investor interest at an auction of two-year debt.

VOLATILITY RETURNS: In the first quarter, as stocks rose mightily, the Dow swung more than 100 points only six times. It already has matched that number of big swings just in the first 11 trading days of this quarter.